Ina Opperman
Business Journalist
5 minute read
18 Mar 2022
2:09 pm

Food price crisis: Sunflower and all other edible oil prices expected to skyrocket

Ina Opperman

Sunflower, canola, soya, palm and sunflower oil prices are set to go through the roof.

Image: iStock

Not only sunflower oil, but all edible oils will cost more due to the war in Ukraine that will now make a product that was already getting expensive due to the imbalance of supply and demand even more costly. Ukraine is the largest producer of sunflower oil in the world, producing 30% of global production, 61% of sunflower meal and 50% of sunflower oil, while Russia is the second largest producer, producing 27% of global production, 20% of sunflower meal exports and 28% of sunflower oil exports. With both countries unable to export, consumers can expect high prices to follow,...